Commonwealth Bank of Australia
(ASX:CBA) has reported a 4 percent increase in cash net profit after tax to $4.804 billion in the six months to 31 December 2015.
On a statutory basis, net profit after tax was $4.618 billion, a 2 percent increase on the previous corresponding period.
Operating income rose 6 percent to $12.36 billion according to the half year results.
CEO Ian Narev said all arms of the business contributed to the strong result.
Mr Narev acknowledged that global volatility is a concern the lender’s customers and presents challenges in Australia, adding that CBA must be cautious.
